Catholic College Finds Novel Endowment Plan
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Catholic College Finds Novel Endowment Plan

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Members of the 1929 graduating class of St. Joseph’s College, of which the Very Rev. William T. Tallen, S. J., is president, have hit upon a somewhat novel plan of creating an endowment fund to aid their alma mater. Wishing to present a substantial sum as a class unit and unable to do so at this time, the class arranged to have each member take out a twenty-year endowment insurance policy payable to the College.

Each policy is written for $500 and the group will at time of maturity twenty years hence, represent a sum of nearly $15,000. Should any member of the class die within the twenty year period, his policy will immediately become available to the college.

Although this action is in no way binding on future classes, it is expected to become a custom. Several recently graduated classes are considering following the plan.

Founding Funders

The digitization of the JTA Archive would not have been possible without the generous support of the following donors:
  • The Gottesman Fund
  • Righteous Persons Foundation
  • Charles H. Revson Foundation
  • Elisa Spungen Bildner and Robert Bildner, in honor of Norma Spungen
  • George S. Blumenthal
  • Grace and Scott Offen Charitable Fund